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6/2025 vol. 34
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ORIGINAL RESEARCH
Do Chain Directors' Green Experiences Increase Corporate Environmental Investment?
Kedong Wu 1,2
,
 
Mengchun Zhu 3
,
 
Yahui Qu 1,2
 
 
 
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1
School of Economics and Management, Luoyang Institute of Science and Technology, Luoyang 471023
 
2
Henan Key Laboratory of Green Building Materials Manufacturing and Intelligent Equipment, Luoyang 471023
 
3
School of Foreign Languages, Luoyang Institute of Science and Technology, Luoyang 471023
 
 
Submission date: 2024-02-03
 
 
Final revision date: 2024-07-24
 
 
Acceptance date: 2024-09-13
 
 
Online publication date: 2024-10-30
 
 
Publication date: 2025-11-04
 
 
Corresponding author
Kedong Wu   

School of Economics and Management, Luoyang Institute of Science and Technology, Luoyang 471023
 
 
Pol. J. Environ. Stud. 2025;34(6):7203-7216
DOI: https://doi.org/10.15244/pjoes/193382
 
 
Article (PDF)
References (22)
 
KEYWORDS
chain directors
green experience
environmental inputs
 
TOPICS
ABSTRACT
Based on the data of China's A-share listed companies from 2008 to 2021, this paper examines the impact of chain directors with green experience on corporate environmental protection investment and concludes that chain directors with green experience can significantly increase corporate environmental protection investment, which is still valid after the robustness test and dealing with the endogeneity problem. The impact mechanism test finds that the green experience chain board increases the environmental investment of enterprises through two channels: increasing the environmental awareness of corporate executives and alleviating the corporate financing constraints. When a company is the subject of considerable external scrutiny, the positive impact of green experience on the company's environmental protection investment will be amplified. From the perspective of enterprise characteristics, state-owned enterprises and enterprises in the eastern region have larger internal capital scale and stronger turnover capacity, which is conducive to the promotion of environmental protection investment by directors with green experience; compared with enterprises without environmental penalties, enterprises with environmental penalties face greater pressure of environmental regulation, which prompts directors with green experience to play a more active role in increasing environmental protection investment.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
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